ERP stands for enterprise resource planning. This software is used to manage supply chain operations, risk management, procurement, accounting, etc. It integrates all the core processes of the company in a single system. It is very easy to use and computes all the functionalities of the company without any error.
NetSuite, earlier known as Netledger is one of the biggest software providers. It provides ERP solutions to medium and big companies. The software is complete in itself and provides all the functionalities that are needed to manage and run a company. The cost of the ERP software is way too low which makes it a preferred choice for new companies or medium enterprises. The software provides accounting solutions also.
The ERP NetSuite provides the following business activities:
- Financial Management
- Order Management
- Operations and material requirement
- Inventory services etc.
It is an overall package which is needed by every company. It is a diverse software needed by companies dealing in different sectors. One single software can run in different ways. The NetSuite accounts with different sets of languages, currencies, taxation rules, etc. and can be modified according to the company’s needs. It is a web-based solution that works seamlessly.
One of the main features of ERP NetSuite is the accounting system. It is very versatile and strong. All the privacy concerns are also taken care of. The software provides easy navigation and shifting between the reports. It provides a deep insight into the functioning. It is a web-based solution that provides the best solutions in less investment. The web-based solutions are provided for the on-premise module.
The applications are integrated and provided the real-time transfer of information across the company very easily. The software keeps the company’s crucial data safe and saves it in one single repository. It provides more prompt and dependable services to existing clients. It covers all the features like sales force automation, role-based dashboard, customer relation activities, management and executives’ roles, etc. The whole working of the organization can be monitored by a single software.
The ERP NetSuite provides low upfront cost and is maintained on lease. It gives access to the business-critical application from any location. This is the best feature of NetSuite ERP software. You can access the software at any time and from anywhere. It is an ideal software for small, mid to large enterprises. Business automated operations use NetSuite that streamline operations. It is a great tool for businesses to explore and react to new business opportunities.
Other salient features of NetSuite are as follows:
- Friendly User interface
- Customized Dashboard
- Document Management
- Embedded analytics
- Role-based authentication etc.
The latest ERP systems use cloud computing, machine learning and artificial intelligence as well to provide efficient and intelligent results in every aspect of the business.
The software is also great in terms of risk prediction. It also gives you suggestions as to how you should manage your business and what all things should be inculcated to make the business better.
The company can do much more with many resources. The NetSuite does not compromise with the quality of the product and provides the service at a nominal price. This software cuts the cost of working and increase the revenues also. All the functionalities are automated and help in the better functionality of the organization. Inculcate the ERP software for better functionality of the organization.